Global medical device connectivity market size USD 17.31B in 2032

The global medical device connectivity market size reached USD 1.55 Billion in 2021 and is expected to register a CAGR of 24.5% during the forecast period, according to latest analysis by Emergen Research. Rising demand for data analytics solutions in the healthcare industry is a key factor expected to drive revenue growth of the global medical device connectivity market during the forecast period. Besides, rising emphasis on patient safety and quality of care is expected to further augment market growth. In addition, rising demand for telemedicine and telehealth applications in the healthcare industry is expected to support growth of the global medical device connectivity market going ahead.

However, inability of some end-users to adopt digital information technology systems is expected to hamper global medical device connectivity market growth to a certain extent during the forecast period.

Major companies and competitive landscape
The global medical device connectivity market is fragmented, with a large number of large and medium-sized market players accounting for major revenue share. Key players are focusing and implementing various strategies, entering into mergers and acquisitions, strategic agreements, and contracts, adopting more advanced technologies and offering related solutions. Some prominent players operating in the medical device connectivity market are:

• Infosys Limited
• Cisco Systems, Inc.
• Medtronic plc
• Cerner Corporation
• Digi International Inc.
• Lantronix, Inc.
• Masimo Corporation
• Stryker Corporation
• Qualcomm Inc.
• Baxter International Inc.

Emergen Research